Kawan Food (Malaysia) Market Value
| 7216 Stock | 1.71 0.01 0.59% |
| Symbol | Kawan |
Kawan Food 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Kawan Food's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Kawan Food.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Kawan Food on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kawan Food Bhd or generate 0.0% return on investment in Kawan Food over 30 days. Kawan Food is related to or competes with EA Technique, Nova Wellness, ES Ceramics, MI Technovation, SFP Tech, and PMB Technology. More
Kawan Food Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Kawan Food's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Kawan Food Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.83 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.74 |
Kawan Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kawan Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kawan Food's standard deviation. In reality, there are many statistical measures that can use Kawan Food historical prices to predict the future Kawan Food's volatility.| Risk Adjusted Performance | 0.0263 | |||
| Jensen Alpha | 0.0124 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.2615 |
Kawan Food Bhd Backtested Returns
As of now, Kawan Stock is slightly risky. Kawan Food Bhd has Sharpe Ratio of 0.032, which conveys that the firm had a 0.032% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kawan Food, which you can use to evaluate the volatility of the firm. Please verify Kawan Food's Risk Adjusted Performance of 0.0263, downside deviation of 1.42, and Mean Deviation of 0.7461 to check out if the risk estimate we provide is consistent with the expected return of 0.0335%. Kawan Food has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.0847, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kawan Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kawan Food is expected to be smaller as well. Kawan Food Bhd right now secures a risk of 1.05%. Please verify Kawan Food Bhd total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Kawan Food Bhd will be following its current price movements.
Auto-correlation | 0.15 |
Insignificant predictability
Kawan Food Bhd has insignificant predictability. Overlapping area represents the amount of predictability between Kawan Food time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Kawan Food Bhd price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Kawan Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kawan Food Bhd lagged returns against current returns
Autocorrelation, which is Kawan Food stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Kawan Food's stock expected returns. We can calculate the autocorrelation of Kawan Food returns to help us make a trade decision. For example, suppose you find that Kawan Food has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Kawan Food regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Kawan Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kawan Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kawan Food stock over time.
Current vs Lagged Prices |
| Timeline |
Kawan Food Lagged Returns
When evaluating Kawan Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kawan Food stock have on its future price. Kawan Food autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Kawan Food autocorrelation shows the relationship between Kawan Food stock current value and its past values and can show if there is a momentum factor associated with investing in Kawan Food Bhd.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Kawan Stock
Kawan Food financial ratios help investors to determine whether Kawan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Kawan with respect to the benefits of owning Kawan Food security.